Pumps
Bitcoin 3day 100% RSI Pump ZoneHello Traders,
While analyzing Bitcoin's running history I came across this Relative Strength Index zone that clearly shows a pump or reversal in price action every time the 3 Day RSI Indicator Line enters this zone. Even in a down trend in price action the pump turned a 65.41% gain. As of right now we are just entering the top of this zone. It should be interesting to see how price action reacts now that we are within this pump zone.
My Plan is to start dollar cost averaging into the price action and hope that the price gets deep into the bottom buy zone that I have placed on my chart. This would bring the RSI down further into this zone and potentially have the same large pumps as previous time this has happened.
I would like to hear from you on what your prediction is for Bitcoin in 2022, lets discuss and have a great conversation below!
Have a green week,
Savvy
TSOI PUMPIN'!!!I moved another trader profitably out of TSOI on the last run and waited for it to base the Honey Bucket before buying in myself. This stock is a beauty for pump action and I suspect that whoever is moving it, either wanted to take a year end loss and then re-accumulate or bears had it by the short & curlys, dunno. I care less about the fundamentals on stocks like this and tend to trade on pure technicals. Still holding 1/2 my stash after a quick one day 100% and waiting to see if it Fibs out well like last time.
As always, "Not investment advice", DYOR and good luck!
LITECOIN (LTC/ USD) HOW DEEP IS THE DIP? (1H CANDLES)HEY TRADERS, SINCE I PERSONALLY OWN QUITE A BIT OF LITECOIN MYSELF, I FIGURED THERE MUST BE PEOPLE AS CONCERNED AS ME (OR MORE SO) ABOUT THE RECENT DIPS. HERE I SHARE MY THOUGHTS ON JUST HOW DEEP THESE DIPS MAY GO...ENJOY.
**Please note that the information contained in or provided above is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice.**
HOW TO READ THE YELLOW-ORANGE RAINBOW:
+ IF THE COMPLETELY YELLOW RIBBON IS ABOVE THE COMPLETELY RED RIBBON, THIS SIGNALS AN UPTREND
+ IF THE COMPLETELY RED RIBBON IS ABOVE THE COMPLETELY YELLOW RIBBON, THIS SIGNALS A DOWNTREND
+ MORE SPACING BETWEEN ALL 8 RIBBONS = EITHER A BIG UP SURGE OR DOWN SURGE
+ COMPRESSED RIBBONS = PRESSURE BUILDUP, WHICH WILL RESULT IN POSITIVE SURGE OR NEGATIVE SURGE.
LITECOIN ANALYSIS:
+ TRADE RANGE = $201 - $373
+ BULLISH VIEW: PRICE WILL TEST WHITE SUPPORT AT $273 - $267 RANGE. A BREAK THRU MAY RESULT IN $316 TEST. POSSIBLE PROFITS HERE
+ BEARISH VIEW: RAINBOW LOOKS LIKE IT IS READY TO FAN OUT IN A DOWNTREND. IF SO, IT MAY BE A SMOOTH RIDE DOWN TO TEST $200 LEVEL, DUE TO MOMENTUM BUILDUP FROM LAST 4 DAYS. AT WHICH POINT...IF YOU STILL BELIEVE IN LTC...BUY BUY BUY!
PLEASE LET ME KNOW IF YOU HAVE ANY QUESTIONS, I'M ALWAYS HAPPY TO HELP OUT. HOPE YOU GUYS KILL IT OUT THERE! HAPPY HUNTING MY FRIENDS.